Simpple Ltd. (NASDAQ:SPPL) Stock Short Interest Climbs 658.7%

Simpple Ltd. (NASDAQ:SPPL) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 19,103 shares, an increase of 658.7% from the October 15th total of 2,518 shares. Based on an average daily volume of 26,601 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

Insider Transactions at Simpple

In other news, CEO Daryl Kah Kit Pat sold 62,894 shares of the stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $2.58, for a total value of $162,266.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Qikai Soo sold 47,171 shares of the business’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $2.58, for a total transaction of $121,701.18. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 299,375 shares of company stock valued at $554,681.

Hedge Funds Weigh In On Simpple

A hedge fund recently bought a new stake in Simpple stock. Susquehanna International Group LLP acquired a new stake in shares of Simpple Ltd. (NASDAQ:SPPL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,444 shares of the company’s stock, valued at approximately $115,000. Susquehanna International Group LLP owned about 0.51% of Simpple as of its most recent filing with the Securities and Exchange Commission (SEC). 0.01% of the stock is currently owned by institutional investors.

Simpple Price Performance

NASDAQ SPPL traded up $0.01 during trading hours on Thursday, hitting $2.72. The company’s stock had a trading volume of 1,817 shares, compared to its average volume of 458,804. Simpple has a 12 month low of $1.50 and a 12 month high of $5.36. The company’s 50 day simple moving average is $2.11 and its two-hundred day simple moving average is $2.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.46 and a quick ratio of 1.34.

Simpple (NASDAQ:SPPL) last announced its quarterly earnings results on Saturday, October 31st. The company reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $1.96 million for the quarter.

Analyst Upgrades and Downgrades

Several research firms have commented on SPPL. Weiss Ratings reissued a “sell (e+)” rating on shares of Simpple in a report on Thursday, October 15th. Wall Street Zen raised Simpple from a “sell” rating to a “hold” rating in a research report on Sunday, September 27th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, Simpple presently has a consensus rating of “Sell”.

Simpple Company Profile

Simpple Ltd. is a Singapore-based technology company that develops artificial intelligence and Internet of Things solutions for smart building management. Its software is designed to help building owners and facility managers monitor and improve the operation of commercial properties and other managed spaces. The company’s platform integrates data from sensors, connected devices and other building systems to provide insights into occupancy, space utilization, environmental conditions and facility operations.